Separately, Zacks Investment Research upgraded IOCHPE MAXION S/S from a hold rating to a buy rating and set a $1.25 target price for the company in a research note on Saturday, April 18th.
Shares of OTCMKTS IOCJY opened at $0.70 on Friday. IOCHPE MAXION S/S has a 52 week low of $0.41 and a 52 week high of $1.95. The business has a 50-day simple moving average of $1.11 and a two-hundred day simple moving average of $1.42. The company has a quick ratio of 0.88, a current ratio of 1.36 and a debt-to-equity ratio of 0.73. The company has a market cap of $564.65 million, a P/E ratio of 3.33 and a beta of 1.32.
Iochpe-Maxion SA produces and sells automotive wheels and structural components for light and commercial vehicles in North America, South America, Europe, and internationally. It operates through two segments, Wheels and Structural Components. The company offers heavy steel wheels; light steel wheels for automobiles, pick-up trucks, and SUVs, as well as light and medium-sized commercial vehicles; and light aluminum wheels for vehicles.
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